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Demolition of the downtown Art Central building will begin this weekend, paving the way for a January start to construction of the $440-million Telus Sky tower. The 58-storey project at the corner of Centre Street and 7th Avenue S.W., is scheduled for completion by fall 2017. It’s to include 750,000 square feet of mixed-use development. About 450,000 square feet […]

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Demolition of the downtown Art Central building will begin this weekend, paving the way for a January start to construction of the $440-million Telus Sky tower. The 58-storey project at the corner of Centre Street and 7th Avenue S.W., is scheduled for completion by fall 2017. It’s to include 750,000 square feet of mixed-use development. About 450,000 square feet […]

Calgary is on the world radar as one of the globe’s top energy centres and that has translated into high downtown office rents as the oilpatch dominates the city’s core commercial real estate market. A new CBRE Limited report, Energy Sector Trends, Global Energy Hubs, reveals that Calgary is listed as one of the top cities globally, and highest in North America, for prime office rents for major energy centres, based on U.S. dollars per square foot in the second quarter of this year.

Commercial real estate investment in the Calgary market was down in the third quarter of this year, according to a new report by RealNet Canada Inc. The report said total dollar volume in the city reached $722 million, off by 13 per cent from the previous quarter. However, larger investments were up, with 148 transactions […]

A northwest Calgary strip mall is set to grow taller, transforming into a multi-use property including residential, retail, hotel and office space. But concerns are being raised about future traffic problems and the disposition of municipal reserve land as part of the development. Western Securities, owner and developer of the land currently occupied by Stadium Shopping […]

The revival of the U.S. economy and a lower Canadian dollar will help propel oil export volumes in 2015, offsetting the impact on exports of sharply lower oil prices, says a new report. In its Global Export Forecast report, Export Development Canada said other export industries are helping to shore up 2015 growth as exports of industrial machinery are […]

The 'historic' commitment to address greenhouse gases by the world's two largest emitters is vital to any progress on climate change but even if the United States and China adhere to the agreement signed in Beijing, there are plenty of road blocks on the path ahead.

Imperial Oil has halted production at its Kearl oilsands mine for “several weeks” due to mechanical issues that caused vibrations in the ore crusher unit at the 18-month-old project that has experienced construction delays and cost overruns. Imperial said it produced 92,000 barrels a day of oil at Kearl aside from a two-week maintenance shutdown in September — about 85 per cent of its design capacity — before suspending production at the sprawling facility 70 kilometres north of Fort McMurray in a move it described as a “precautionary measure.”

CALGARY - A growing appetite for the condo lifestyle in Calgary has a major development launching its next phase of construction in the Eau Claire neighbourhood along the Bow River. Anthem Properties Group will open sales to the public on November 15 for its Parkside project, encompassing four buildings and 302 units, in the Waterfront development, the Herald has learned.

CALGARY - A real estate developer that said a year ago it had plans to build a massive outlet mall adjacent to Calaway Park now says the project is not proceeding, the Herald has learned. In announcing its third quarter financial results this week, RioCan Real Estate Investment Trust said: “RioCan and its partner, Tanger, will no longer be proceeding with the acquisition of the lands adjacent to (Calaway) Park near Calgary, AB as disclosed last quarter.”

If you want to become a chief executive in the oilpatch, taking post-secondary education at the University of Calgary is a good way of getting there. At least that’s what a research study suggests by Dallas-based Pearson Partners International, a retained executive search firm.

CALGARY - Real domestic product growth in Alberta surpassed the national average in 2013 for the fourth consecutive year, according to Statistics Canada. The federal agency reported Wednesday that Alberta’s real GDP advanced 3.8 per cent last year after increasing 4.5 per cent in 2012.

CALGARY - Toronto-based Mastermind Toys has huge expansion plans for the country with Calgary a major part of that initiative. The specialty toy and book store, founded in July 1984 with a small 300-square-foot retail shop in downtown Toronto, opened its third Calgary store on the weekend in Country Hills.

CALGARY - Hotel Arts has completed a multi-million dollar makeover for its rooms and is planning for a future major expansion and development on its site in the Beltline neighbourhood. Mark Wilson, vice-president and general manager of the Hotel Arts Group, said the boutique hotel, at the corner of 12th Avenue and 1st Street S.W., underwent a $7-million renovation to it guestrooms and corridors. Of the 185 rooms in the hotel, 157, the entire tower, received a full makeover.

CALGARY - Calgary’s booming resale housing market showed no signs of slowing down in October as MLS sales reached their second highest level ever for the month while prices continued to gain year-over-year. According to the Calgary Real Estate Board, total MLS sales in the city during the month increased by 10.22 per cent from last year to 2,147. The median price was up by 5.33 per cent to $430,550 while the average sale price rose by 6.50 per cent to $488,474.

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I also accept and agree to be bound by Postmedia's Terms and Conditions with respect to my use of the Site and I have read and understand Postmedia's Privacy Statement. I consent to the collection, use, maintenance, and disclosure of my information in accordance with the Postmedia's Privacy Policy.